About Mukesh Udyog Limited
Data last updated:
Mukesh Udyog Limited is a public limited company based in Punjab, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 24 August 1994.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1994PLC014976. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.48 Cr. It was formerly known as M S Finvest Ltd. It is led by directors including Krishan Chand Gupta (Managing Director) and Sandeep Gupta.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Vpo Buddhewalnear Kohara Tehsil And Distt Ludhiana, Punjab, India.
As per the financials filed for FY 2021, the company reported a revenue of ₹21.29 Lakh. For the same year it recorded a net loss of ₹76.29 Lakh (net margin -358.4%) and EBITDA of -₹29.25 Lakh (EBITDA margin -137.4%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 67% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹176.8 Cr and satisfied charges of ₹18.5 Cr on record. Court records list 88 cases involving the company, including 52 filed by the company and 36 filed against it; 2 cases are pending.
The last known website on record is mukeshudyog.com.
Company details
CIN history
Mukesh Udyog has one previous CIN (Corporate Identification Number): L65921PB1994PLC014976. The current CIN is U65921PB1994PLC014976, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921PB1994PLC014976 | Current |
| L65921PB1994PLC014976 | Previous |
Contact details
Mukesh Udyog Limited's registered office is in Punjab. Its website is mukeshudyog.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVpo Buddhewalnear Kohara Tehsil And Distt Ludhiana, Punjab, India
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Mukesh Udyog Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Mukesh Udyog Limited
FY 2021 filings availableMukesh Udyog Limited reported revenue of ₹21.29 Lakh for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over five years. EBITDA fell 577% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.29 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹29.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹76.29 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -137.4% | ||||
| Net Profit Margin | -358.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mukesh Udyog Limited, buy the company report.
Board of directors of Mukesh Udyog Limited
Mukesh Udyog has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Gupta Also directs: Mukesh Strips Limited | Director | 24 Aug 1994 | 32 Years 2 Months | As last reported |
| Krishan Chand Gupta | Managing Director | 30 May 2015 | 11 Years 4 Months | As last reported |
| Rita Rani Also directs: Mukesh Strips Limited, Mukesh Steels Limited | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Sandeep Kumar Chitkara Also directs: Mavent Restructuring Services LLP | Irp/Rp/Liquidator | 27 Nov 2024 | 1 Years 10 Months | As last reported |
| Pardeep Gupta Also directs: Mukesh Strips Limited | Director | 24 Aug 1994 | 32 Years 2 Months | As last reported |
Auditor
Mukesh Udyog Limited is audited by ANUJ GUPTA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANUJ GUPTA & ASSOCIATES | FY 2021 | 036392N |
Shareholding
The shareholding of Mukesh Udyog Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mukesh Udyog Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2012 | 10355106 | Corporation Bank | ₹6 Cr | Open | |
| 31 Mar 2012 | 10356611 | Punjab National Bank | ₹15 Cr | Open | |
| 27 Sep 2011 | 10308504 | Punjab & Sind Bank | ₹19 Cr | Open | |
| 01 Mar 2011 | 10274984 | Punjab National Bank | ₹2 Cr | Open | |
| 11 Oct 2010 | 10251854 | Punjab and Sind Bank | ₹33 Cr | Open |
To see the full charge records of Mukesh Udyog Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Mukesh Udyog Limited has 88 court cases on record: 52 filed by Mukesh Udyog, 36 filed against it. 2 cases are pending and 86 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 25 | 1 |
| High courts | 14 | 9 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by Punjab State Power Corporation Limited | Pending |
| Supreme Court | Court case (1431-Criminal Matters : Matters challenging prosecution under Negotiable Instruments Act) | Filed against the company by M/S Atma Ram Mela Ram Steels Pvt Ltd Director Pramod Kumar C-10, Focal Point, ,Ludhiana , Punjab and 1 other | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Punjab State Power Corporation Ltd | Disposed |
| High Court, PUNJAB | Revision petition | Filed against the company by M/S Dev Rolling Mills Pvt. Ltd & Another | Disposed |
| District court, Ludhiana, Punjab | Appeal | Filed against the company by Milan Capfin Private Limited | Disposed |
To see the full case history of Mukesh Udyog Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mukesh Udyog Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mukesh Udyog Limited has a workforce of 2 employees on its EPFO records as of Nov 14, 2024, across 2 active EPFO establishments.
GST
Mukesh Udyog has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mukesh Udyog Limited, buy the company report.
Recent activity
Mukesh Udyog Limited has 18 board changes on record since 1994: 5 appointments and 13 cessations. The latest: Ashish Agarwal ceased to be Irp/Rp/Liquidator on 27 Nov 2024.
29 earlier events are in the company report.
Frequently asked questions
Mukesh Udyog is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Mukesh Udyog is a company under insolvency, formerly operating as a public limited company based in Punjab, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 24 August 1994 and is registered under CIN U65921PB1994PLC014976. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mukesh Udyog has 5 current directors:
- Krishan Chand Gupta - Managing Director
- Sandeep Gupta - Director
- Rita Rani - Director
- Pardeep Gupta - Director
- Sandeep Kumar Chitkara - Irp/Rp/Liquidator
The latest financial statements of Mukesh Udyog on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mukesh Udyog is U65921PB1994PLC014976. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mukesh Udyog has open charges of ₹176.8 Cr and satisfied charges of ₹18.5 Cr as per latest MCA filings.
Mukesh Udyog has 88 court cases on record: 52 filed by the company and 36 filed against it. 2 are pending. Most are in the district courts.
Mukesh Udyog was incorporated on 24 August 1994. It is registered with the Registrar of Companies, Chandigarh.
Ashish Agarwal ceased to be Irp/Rp/Liquidator on 27 Nov 2024. Sandeep Kumar Chitkara was appointed as Irp/Rp/Liquidator on 27 Nov 2024. Arun Goyal ceased to be Director on 25 Jan 2024. Mukesh Udyog has 18 board changes on record in total.
Mukesh Udyog can be reached through the website mukeshudyog.com. Its registered office is in Punjab, India.